3 Stocks Advancing The Electronics Industry

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 122 points (0.7%) at 17,066 as of Monday, July 14, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,069 issues advancing vs. 930 declining with 155 unchanged.

The Electronics industry currently sits up 0.6% versus the S&P 500, which is up 0.5%. Top gainers within the industry include AU Optronics ( AUO), up 7.4%, Advanced Micro Devices ( AMD), up 4.6%, United Microelectronics ( UMC), up 3.6%, Kyocera ( KYO), up 2.1% and Eaton ( ETN), up 1.8%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. SolarCity ( SCTY) is one of the companies pushing the Electronics industry higher today. As of noon trading, SolarCity is up $1.62 (2.5%) to $67.40 on average volume. Thus far, 2.4 million shares of SolarCity exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $65.33-$68.75 after having opened the day at $66.45 as compared to the previous trading day's close of $65.78.

SolarCity Corporation designs, installs, and sells or leases solar energy systems to residential and commercial customers, and government entities in the United States. SolarCity has a market cap of $6.0 billion and is part of the technology sector. Shares are up 15.8% year-to-date as of the close of trading on Friday. Currently there are 6 analysts who rate SolarCity a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates SolarCity as a sell. The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow, generally high debt management risk and feeble growth in its earnings per share. Get the full SolarCity Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

2. As of noon trading, Micron Technology ( MU) is up $0.74 (2.3%) to $33.54 on average volume. Thus far, 12.2 million shares of Micron Technology exchanged hands as compared to its average daily volume of 27.9 million shares. The stock has ranged in price between $32.93-$33.73 after having opened the day at $33.13 as compared to the previous trading day's close of $32.80.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $35.1 billion and is part of the technology sector. Shares are up 50.8% year-to-date as of the close of trading on Friday. Currently there are 16 analysts who rate Micron Technology a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Micron Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Micron Technology Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

1. As of noon trading, Intel ( INTC) is up $0.18 (0.6%) to $31.43 on average volume. Thus far, 12.2 million shares of Intel exchanged hands as compared to its average daily volume of 29.9 million shares. The stock has ranged in price between $31.34-$31.58 after having opened the day at $31.41 as compared to the previous trading day's close of $31.25.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $155.6 billion and is part of the technology sector. Shares are up 20.4% year-to-date as of the close of trading on Friday. Currently there are 13 analysts who rate Intel a buy, 2 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Intel Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers